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Last Updated: 04/18/2025

Nationwide My Savings

from Nationwide

Last Updated: 04/18/2025

Strongly recommended28 total votes

27 users recommend

1 users are unsure

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Highlights

Community Rating

Strongly recommended

APY (Annual Percentage Yield)

0.2% - 0.3%(Verified 06/21/2024)

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Minimum Opening Deposit

Starting at $100

Minimum Balance to Earn APY

$1,000

Number of Reviews

Nationwide My Savings Review

Nationwide My Savings is offered by Nationwide, a financial services company founded in 1926 and based in Columbus, OH. Nationwide savings account are available in 49 states and Washington, DC.

Key Takeaways

Higher than average APY. Nationwide My Savings has an annual percentage yield of up to 0.3%, which is higher than the average interest rate for savings accounts. Note that you must keep a minimum balance of $1000 to earn that interest rate.
$100 minimum opening deposit. This is a typical minimum initial deposit.
No ATM fees. Nationwide My Savings does not charge fees on ATM transactions .
ATM fee rebates. This account will reimburse you for ATM fees (see terms and conditions for details).

Nationwide savings account Pros & Cons

Pros

Cons

Available in 49 states and Washington, DC.
Interest-yielding account.
Debit card
No charge on incoming domestic or international wire transfers.

Does not provide access to a nationwide ATM network.
Higher than average wire transfer fees.
No signup bonus.

Nationwide savings account FAQ

Are savings accounts from Nationwide federally insured?

Yes, your deposits are insured by the Federal Deposit Insurance Corporation (FDIC). The FDIC is an independent agency of the United States government that protects you against the loss of your insured deposits if an FDIC-insured bank or savings association fails. FDIC insurance is backed by the full faith and credit of the United States government.

Does Nationwide offer a signup bonus?

Nationwide savings account doesn't offer a signup bonus.

What is the minimum initial deposit for Nationwide savings account?

The minimum deposit to open a Nationwide savings account is $100.

Nationwide My Savings Minimums

Description

Minimum Balance to Earn APY

$1,000

Minimum Opening Deposit

Starting at $100

Minimum Required Balance

What APY does Nationwide My Savings offer?

Nationwide savings account offers a variable APY starting at 0.2% and ranging up to 0.3% (APY stands for annual percentage yield, rates may change).

What fees does Nationwide savings account charge?

Nationwide savings account does not charge a monthly service fee. See the fee breakdown section below to view all fees.

Outgoing domestic bank transfers come with a $35 fee.
Outgoing international bank transfers come with a $45 fee. You can save a ton of money in fees if you use use a nonbank money transfer service.
Nationwide savings account charges $5 every time you request a paper statement.

What features and perks does Nationwide savings account offer?

This savings account includes the following features:

ATM reimbursement - This account provides ATM access and will reimburse you for the ATM fees charged by other networks.
Fraud monitoring - Nationwide savings account monitors transactions for potentially fraudulent activity, such as when a debit card is unexpectedly used in a different location, or you make a sudden string of costly purchases.
Free Online Bill Pay - Online Bill Pay allows you to pay bills easily from your account.
Mobile Banking Services - Nationwide savings account allows you to manage your money online or with a mobile app. This includes depositing checks in your account with a mobile app on your smartphone.

Can you set up a direct deposit to Nationwide savings account?

Yes, you can typically set up a direct deposit to this account. However, it depends on the direct deposit program your employer uses. Most direct deposit programs allow you to send your paycheck to a savings or checking account. In some cases, you can even split your paycheck between the two.

What is the customer support email for Nationwide savings account?

The customer support email for Nationwide savings account is consumerprivacy@nationwide.com.

How do people rate the customer service and user experience of Nationwide savings account?

Overall, Nationwide savings account is strongly recommended based on community reviews that rate customer service and user experience.

SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...

Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author's alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

Contact

Headquarters

One Nationwide Plaza

Columbus, OH 43215

Visit Site

Email Support

Hours of Operation

SundayClosedMonday9:00AM - 5:00PMTuesday9:00AM - 5:00PMWednesday9:00AM - 5:00PMThursday9:00AM - 5:00PMFriday9:00AM - 5:00PMSaturdayClosed

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SuperMoney Net Recommendation Score

SuperMoney users strongly recommend this product, giving it a user recommendation score of +96, or 4.9 on a 5-point rating scale.

+96

-1000+100

No one recommends

Everyone recommends

The recommendation score reflects customer satisfaction with a provider. A score of +100 means every customer recommends the provider, while -100 means none of them do. These scores are based entirely on community member votes and are not influenced by partner compensation. SuperMoney removes fake reviews when detected.

Nationwide My Savings Community Reviews

Would you recommend Nationwide My Savings to your friends?

Praise A.

Feb 27, 2024

May or may not recommend

"I've been a customer with Nationwide for several years now, and my experience with their My Savings account has been nothing short of excellent. From the ease of setting up the account online to the competitive interest rates, Nationwide has truly impressed me. One thing that stands out to me is their user-friendly online banking platform. It's intuitive and easy to navigate, allowing me to manage my savings effortlessly. Whether I'm ...Show More

Nikita K.

Jun 16, 2023

May or may not recommend

Opened Nationwide savings account with a minimum amount of just $100 and it was easily accessible. The account offers competitive interest rates, allowing my savings to grow steadily over time. It is user-friendly and convenient, making it effortless to manage my savings.

Mazhar C.

Nov 25, 2022

May or may not recommend

This is bank has amazing customer service and even better rates. I would use them for all my financial and banking needs, so I'm glad they were ready to help me out with all my different questions.

Muhammad A.

Jul 28, 2022

May or may not recommend

This is bank has amazing customer service and even better rates. I would use them for all my financial and banking needs, so I'm glad they were ready to help me out with all my different questions.

Elisa H.

May 21, 2022

May or may not recommend

I was very please when I found nationwide, It is best for the people who are trying to save money for a safe future.

Monika P.

Mar 11, 2022

May or may not recommend

It was a good experience because it has minimum balance amount of $100 and we can open the account with $1000 which is affordable. It provides 0.7% interest and it comes with debit card with no fees. It is easy to use.

Tabbitha B.

Mar 4, 2022

May or may not recommend

Nationwide Savings account has low APR and fees! This company breaks down information so everyone can understand how their money will grow over time!

Bonnie M.

Feb 24, 2022

May or may not recommend

I had been looking for a good savings account for sometime. When I found Nationwide, I was very pleased. The interest rate they offered was fantastic. It is by far the best rate I have been able to find. The sign-up process was very simple, and the customer service was great. The monthly fees also attracted me, as they are pretty low in case I go below my minimum.

Radiance M.

Jan 8, 2022

May or may not recommend

I 100% recommend setting up a Nationwide My Savings Account! I started it because I wanted to grow my savings quickly. I had been wanting to save but at the same time there was always something that "came up." With Nationwide My Savings Account they allowed me to earn up to 0.25% APY. I believe what set them apart is that there was no monthly maintenance fees; I did not ...Show More

Eric S.

Dec 16, 2021

May or may not recommend

This is bank has amazing customer service and even better rates. I would use them for all my financial and banking needs, so I'm glad they were ready to help me out with all my different questions.

Vallarie J.

Nov 10, 2021

May or may not recommend

My parents had opened this savings account for me when I was younger and I always stuck with it! Nationwide is extremely great to bank with, especially with no monthly fee! I find it hard to save when savings accounts charge a monthly fee. The minimum balance is great too because I knew I had no choice but to save that money in there! Would recommend banking with Nationwide if ...Show More

El T.

Sep 1, 2021

May or may not recommend

There are people still truly helping. I am forever grateful. Thank you Nationwide My Savings Savings Accounts.

Brandon K.

Aug 19, 2021

May or may not recommend

Nationwide was highly recommend to me from my dad, who uses their banking service for his savings. First, Nationwide offers excellent services for their product. For instance, their APY is 0.4% - 0.7%. Secondly, they don’t charge a monthly account fee, and if you were to open a checking account they’d reimburse up to $30.00 in atm fees. Additionally, Nationwide’s My Savings account offers a 0.20% annual percentage yield. ...Show More

William M.

Jul 23, 2021

May or may not recommend

I really like that there are no ATM fees. I hate being nickle and dimed with atm fees when I need to get my cash! I have been very happy this this feature alone but the APY is nice too. Its a lot higher than my other account.

Michael B.

Jul 20, 2021

May or may not recommend

The APY percentage is simply excellent when compared to the majority of the industry. No gimmicks to be found over here. Cliche incoming but, so far, Nationwide truly seems to be on my side.

Lacey C.

Jul 19, 2021

May or may not recommend

Nationwide has a pretty good APY (0.4%-0.7%) compared to other savings accounts. If you're looking to save money I think this would be a good choice.

Keith H.

Jul 7, 2021

May or may not recommend

As their commercial says, "Nationwide is on my side." It's very true, especially in my case. They've had my back forever.

Jeff D.

Jul 3, 2021

May or may not recommend

Nationwide My savings offers a middle ground between high risk investing and traditional savings accounts that yield no growth. Nationwide does have a 1,000-balance minimum, and they advertise up to a .7 yield on the savings account. This is one of the higher yields when comparing similar savings accounts.